A tax on home equity would hurt Canadians during the best of times — but right now it would be reckless

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Every so often, an idea comes along that is so out of touch and unfair that it unites pretty much everyone in their disapproval.

Recently, the Canadian Mortgage and Housing Corporation (CMHC) appeared to be doing exactly that when media reports suggested the federal housing agency is researching a new home equity tax on primary residences.

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Original Article Source Credits: The Star , https://www.thestar.com/

Article Written By: Tim Hudak

Original Article Posted on: Aug. 15, 2020

Link to Original Article:  https://www.thestar.com/business/opinion/2020/08/15/a-tax-on-home-equity-would-hurt-canadians-during-the-best-of-times-but-right-now-it-would-be-reckless.html